Summary


Chase Bank offers a variety of packages for businesses small and large. As one of the oldest banks in America, Chase has over 16,000 ATMs and 5,100 branches nationwide, as well as a super user-friendly website and mobile app. They also offer some nice perks like waived monthly fees and higher interest rates for folks who choose to link multiple Chase accounts together.

Who is the Chase Business Bank Account right for?

Chase Bank offers banking options for every business owner, no matter the size of your company.

Open a Business Bank Account With Chase
Prices vary by package

Pros

  • Access to over 16,000 Chase ATMs and 5,100 Chase branch locations
  • Low fees when opening an account
  • Several opportunities to waive monthly fees
  • Variety of packages tailored to different business sizes
  • Higher interest rates and other benefits if you link multiple accounts together
  • User-friendly website and mobile app

Cons

  • Their Platinum plan is pretty expensive, at $95 per month in total fees
  • Their savings account interest rates aren’t as high as some of their competitors

Chase Business Bank Account Alternative

Easy banking all across America via their 4,400 branches, 16,000 ATMs, and user-friendly website and mobile app. Join their Business Advanced Relationships Rewards Program for added bonuses.

Bank of America: $12 Monthly Maintenance Fee

Read our Bank of America review

Pricing


Chase offers multiple pricing tiers. The Chase Total plan is a low-cost entry-level checking account designed for new and small businesses. On the other hand, their top-tier business checking account (the Chase Platinum plan) is intended for established companies with more consistent cash flow. Chase also offers two savings accounts, one for businesses with lower savings balances and another for businesses with higher savings balances. You can also get a Certificates of Deposit account for high-interest savings.

Base Features

  • Access to Chase Online Banking and Chase Mobile Banking app
  • Chase Business Debit, Deposit and ATM cards for easy access to funds
  • Domestic and international wire transfers
  • Chase Military Banking for service members

The Chase Total Business Checking

The Chase Total Business Checking account costs $15/mo. This monthly fee can be waived if:

  • A monthly balance of $1,500 or more is maintained

-OR-

  • Users link a personal bank account with Chase

Chase Total Business Checking includes:

  • 100 transactions per month
  • Unlimited electronic deposits
  • Up to $5,000 in cash deposits per month

Cost:

  • $15/mo (+ $25 minimum opening deposit)

Who should open a Total Business Checking account?

  • This account’s small monthly fee and low transaction limit makes it a good choice for new and small businesses.

Chase Performance Checking

Chase Performance Business Checking costs $30/mo, or $0/mo if you maintain an average daily balance of $35,000 across all your qualifying business deposit accounts.

The Chase Performance account includes:

  • 250 transactions per month
  • Unlimited electronic deposits and incoming wire transfers
  • Two free outgoing domestic wire transfers per month
  • No additional charge for Positive Pay or Reverse Positive Pay

Cost:

  • $30/mo (+ $25 minimum opening deposit)

Who should open a Chase Performance Account?

The relatively low monthly fee and standard transaction limit offered by Chase Performance Business Checking makes it a good choice for small and mid-sized businesses.

Chase Platinum Checking Account

Chase Platinum Business Checking costs $95/mo, or $0/mo if you maintain an average daily balance of at least $100,000 across all qualified business deposit or investment balances.

Chase Platinum also includes:

  • 500 transactions per month
  • $25,000 in cash deposits per month
  • No fees for incoming wire transfers or four highest outgoing wire transfers each month

Cost:

  • $95/mo (+ $25 minimum opening deposit)

Who Should open a Platinum Checking Account?

Chase Platinum is designed for large businesses with a high volume of monthly transactions.

Chase Total Savings Account

The Chase Total Business Savings account costs $10/mo, waived if you:

  • Keep an average balance of $1,000

-OR-

  • Link your savings account with your Chase Total Business Checking account

This account also includes:

  • 15 monthly deposits
  • Maximum $5,000 in cash deposits per month
  • 0.01% APY

Cost:

  • $10/mo (+ $25 minimum opening deposit)

Who Should open a Chase Total Savings Account?

The Chase Total Savings account is designed for companies with low savings balances. If you anticipate putting aside less than $25,000, Chase Total Savings should be a good match for you.

Chase Premier Savings

The Chase Premier Business Savings account costs $20/mo, waived if you:

  • Keep an average balance of $25,000

-OR-

  • Link it with a Chase Performance Business Checking®, Chase Performance Business Checking® with Interest or Chase Platinum Business Checking account

Premier Savings also includes:

  • 30 monthly deposits
  • Maximum $10,000 in cash deposits per month
  • 0.04% APY without a linked account; 0.06-0.13% APY with a linked account

Cost:

  • $20/mo (+ $25 minimum opening deposit)

Who should open a Premier Savings Account?

Chase’s Premier Savings tier is designed for big savers. If your business is putting in $25,000 or more at a time, then you could benefit from the Premier tier. This account also has the the added perk of higher interest rates when you link it with a Chase business checking account.

Chase Certificates of Deposit

Certificate of Deposit accounts are great for businesses looking to set some money aside for a specified length of time. Chase’s Certificates of Deposit Business account includes:

  • No monthly fee
  • Minimum opening deposit of $1,000
  • A range of terms from 30 days to 10 years
  • Fixed rate of return
  • FDIC insurance protection
  • Standard interest rates range from 0.01% to 0.70% while relationship rates are 0.02% to 1.75%. Rates depend on the amount of money deposited, length of term, and if you link a checking account

Cost:

  • $1,000 opening deposit, no monthly fee

Who should open a Chase Certificates of Deposit Account

If your business is ready to put some money aside, Chase’s Certificates of Deposit Business account may be a good option for you.

Ratings


Value - 4.5/5

With several accounts to choose from, Chase has a lot of value to offer businesses of various sizes. Their user-friendly website and mobile app, high interest rates, and waived monthly fees are among the perks their business banking customers can enjoy.

Customer Service - 4.5/5

Based on our experience, Chase’s customer service representatives are friendly, knowledgeable and highly responsive. You can reach them via phone, email, and their secure message center. The only real downside is that unlike many other large banks, Chase does not offer an online chat feature.

Ease of Use - 5/5

The quality of Chase’s website and mobile app sets them apart from other banks. Compared to their competitors, Chase offers quite well-designed user interfaces and excellent user-experience overall.

Included Features - 4/5

Chase offers a solid set of features in each of their business bank accounts, as well as special benefits for customers who choose to link multiple Chase accounts together. However, they don’t offer interest rates as high as some online vendors.

Conclusion


Chase Business Banking might be right for you if you want top-notch customer service, user-friendly mobile banking options, and access to 16,000 ATMs and 5,100 branches across the country.

Whether you’re running a brand-new startup, an established corporation, or anything in between, Chase probably has a bank account that will suit your needs.

Who is the Chase Business Bank Account right for?

Chase Bank offers banking options for every business owner, no matter the size of your company.

Open a Business Bank Account With Chase
Prices vary by package

Chase Business Bank Account Alternative

Easy banking all across America via their 4,400 branches, 16,000 ATMs, and user-friendly website and mobile app. Join their Business Advanced Relationships Rewards Program for added bonuses.

Bank of America: $12 Monthly Maintenance Fee

Read our Bank of America review